GDP negative first half of 2020: Arthur

LocalBusiness & Finance
13 Nov 2020 • 11:12 AM MYT
Daily Express
Daily Express

Daily Express Online (Malaysia) is Sabah's top-ranked & most viewed English news site. It is also Sabah's leading & most circulated daily English newspaper.

Kuala Lumpur: Deputy Minister in the Prime Minister’s Department Arthur Joseph Kurup said the Covid-19 pandemic has affected Malaysia’s economic growth this year and that the Gross Domestic Product (GDP) recorded a negative at 8.3 per cent during the first half of 2020.

He said all major sectors of the economy were affected particularly the services sector (-6.7pc), manufacturing (-8.7pc) and construction (-25.9pc).

“The decline in growth was partly due to the implementation of the Movement Control Order (MCO),” he said when responding to Su Keong Siong (Kampar) at the Dewan Rakyat.

ADVERTISEMENT


ADVERTISEMENT